Tex. Ins. Code § 4053.101 · Subchapter C. POWERS AND DUTIES OF MANAGING GENERAL AGENTS
GENERAL POWERS AND DUTIES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A managing general agent acting for an insurer may:
(1) receive and pass on daily reports and monthly accounts;
(2) receive and be responsible for agency balances;
(3) handle the adjustment of losses; or
(4) appoint or direct general property and casualty agents and personal lines property and casualty agents in this state.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.26, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4053.htm
- Text hash
- sha256 1f25dbd6b7164c73cdd5db2abdd2dca59ca5cf0a49b0c04e349b531eb3cd4ba4
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.